President Xi Jinping of China has announced a 10-point partnership action plan for Africa for the next three years.These include the modernisation of industrialisation, agriculture, trade, investment, training, and infrastructure.Others are access for Africa’s goods to the Chinese market, 30 infrastructure connectivity projects and development cooperation comprising 1,000 livelihood projects.“In
Asia
Ruto asks China to support financial reforms
President Ruto called on China to support financial reforms, by cooperating with African countries by helping them access concessional funding for development.The President asked China to rally various stakeholders to double their contribution to multilateral development banks such as the International Development Association of the World Bank that offer developing
Biden threatens Netanyahu of withdrawal of support
US President Joe Biden has fired a warning shot at Israeli Prime Minister Benjamin Netanyahu, threatening to withdraw any support. The warning is on a condition that should the latter continue with his indiscriminate bombardment of Iran, the American leader would have no option but to withdraw any manner of
Invest in Africa’s renewable energy, Ruto to investors
President William Ruto has raised concerns over the underfunding of Africa’s renewable energy development, asking investors to pump in money.He said though it was encouraging that 2023 recorded the largest increase in renewable energy capacity, with the addition of about 500 gigawatts globally and new investments worth $600 billion, Africa
Kenya and Korea sign bilateral ties on technology
Kenya and Korea have signed a $485 million (KSh63 billion) concessional development funding on the sidelines of the Korea-Africa Summit.This includes $238 million (KSh30 billion) for the implementation of the Konza Digital Media City Project.President William Ruto said the project will boost the country’s digital ecosystem, a key government initiative
Earthquake hits Taiwan, 1 dead as scores injured
A 7.2 magnitude earthquake rocked Taiwan on Wednesday, the strongest tremor to hit the island in at least 25 years. One person is reported to have died and scores injured.The tremor later sparked a tsunami warning for southern Japan and the Philippines that was later lifted. Taiwan's fire department reported one
Kenya and the UAE sign agreement
President William Ruto witnessed the signing of a memorandum understanding between Kenya and the UAE, United Arab Emirates. The signed agreement will see the development in the country of the first-ever data centre powered by geothermal energy.The agreement between Kenya’s EcoCloud and UAE’s G42 will see the construction of a
Kenya-Japan’s multi billion shillings agreement
Multi billion financial agreements, worth KSh350 billion, have been signed during President William Ruto’s visit to Japan.These agreements will support projects and programmes in sectors that are aimed at turning around the economic fortunes of the country.The largest projects to benefit are the Dongo Kundu Infrastructure Ecosystem and the Mombasa
Special Economic Zones to spur economic growth
The government is implementing measures to foster industrial growth and ensure it is commensurate with the country’s Gross Domestic Product (GDP). President William Ruto said the government is equipping Special Economic Zones with the necessary facilities to attract investors. He noted that this will attract foreign direct investment, drive industrial growth
Iran’s twin blasts claim 73 lives, dozens injured
Twin deadly blasts claimed at least 73 lives, while more than 170 were injured on Wednesday. The incident is a suspected terrorist attack.The two blasts happened near the burial ground of Iran’s late commander, Qassem Soleimani, in the Southwestern province of Kerman, about 820 kilometers (510 miles) Southeast of the